The Federal Housing Administration is on the brink of the next big government bailout. Potentially. Yet Commissioner Carol Galante insists there is strength ahead.
Now is an opportune time for long-duration investors to look at last cash flow collateralized mortgage obligations (CMOs) as a result of sizable selling and higher rates, analysts claim.
In general, long CMOs outperform collateral no matter what type of market they exist within — meaning this...Read More
Mega bank JPMorgan Chase issued its second private-label residential mortgage-backed securities deal of the year, with high geographic concentration as the primary risk posted within the deal.
The geographic concentration of...Read More
Initially, the Federal Housing Finance Agency understood the conservatorships of the enterprises to be more of a temporary time out to stabilize the mortgage market.
However, five years later, Fannie Mae and Freddie Mac...Read More
New home sales ascended in April, rising to 454,000 homes sold. New single-family home sales inched up 2.3% in April, above the revised March rate of 444,000.
April sales are up a dramatic 20% from the year-ago estimate...Read More